Budget impact on real estate sector
The Union Budget for 2016-17 has overall been a good…
The Union Budget for 2016-17 has overall been a good…
Unique blend of online-offline services provides win-win proposition to buyers…
Spread over 7 acres in metropolitan Mumbai, Piramal Aranya will…
The Union Budget 2016-17 only touches upon some pain points…
To say that investors are anchors and project riders would…
In Mumbai premium paid by developers is higher than construction…
Finance Ministry officials maintain that budget wish list of developers…
“I am reading these newspaper reports about the real estate sector demanding so many things with the Union Budget. Most of these demands are for their financial health than understanding the market from common homebuyers’ perspective like us. Do we matter at all in this eco system where neither the government nor the developers understand what keeps us away from the property market,” says Shweta Sanyal, an advertising professional in Mumbai.
Developers have their own expectations, because positive announcements for real estate buyers made during the budget will help increase the market sentiment, and therefore sales. The general hope is that the budget will provide cheer to intending homebuyers who have been deterred for various reasons.
For the last four years everyone within the built environment of Indian real estate, homebuyers included, wanted a real estate regulator but the consensus eluded.